Meaningful milestone for Martin Marietta

US building materials firm declares milestone hundredth consecutive quarterly cash dividend

MARTIN Marietta Materials, Inc. have this week declared a regular quarterly cash dividend of $0.48 per share on the company’s outstanding common stock, marking the US firm’s 100th successive quarterly cash dividend since becoming a public company in 1994.

Ward Nye, chairman and chief executive officer, said: ‘We are proud to have reached this milestone. Martin Marietta have remained profitable for each of their 25 years as a public company and we have never reduced our dividend.

‘Since February 1994, the company has returned more than US$1.4 billion to shareholders through meaningful and sustainable dividends as part of our long-standing and balanced capital allocation priorities. We are grateful for the trust and confidence our shareholders have placed with Martin Marietta.’